Bill Longstaff: Saudis to Alberta—Tough Shit!

Saudi oil minister Ali al-Naimi didn’t say quite what I’ve suggested in my headline, but only the words differed, not the sentiment. The Saudis, as we all know, have been opening up the oil taps lately, driving their production up and driving the price down. The low price is hurting a lot of people, including ...

Michal Rozworski: Podcast: Where is Quebec going after the strikes, where is Canada’s economy going after the oil crash?

http://rozworski.org/wp-content/uploads/2016/02/Podcast160210-Canada-and-QC-updates.mp3   I have two Canadian updates this week. The first is from Nora Loreto on what’s happening in Quebec after the fall’s anti-austerity strikes. Nora is a Quebec City-based journalist and labour activist. She gives an account not only of what happened during the strikes in Quebec, but also what to expect in their wake (see ...

The Progressive Economics Forum: Boosting the economy for the rest of us

Elites and the talking heads in the media are arguing about how to respond to Canada’s soured economic outlook. Who should try to boost the economy, the federal government via fiscal stimulus or the Bank of Canada via monetary policy? But while elites argue amongst themselves, the overriding context is a transfer and concentration of ...

CuriosityCat: Oil Price: Has Saudi Arabia gambled and lost?

Is it better to have gambled and lost? Saudi Arabia is calling the shots in the steep price decline of oil in recent weeks, by refusing to cut its output so as to remove production from the market and increase prices. Why is it doing this? One possible reason is that it is underestimating the ...

Political Eh-conomy: Political Eh-conomy Radio: Jim Stanford on Canada’s economy

https://politicalehconomy.files.wordpress.com/2014/12/podcast-1411212-jim-stanford.mp3   Today’s episode is the last of 2014 as I’ll be away spending the holidays with family. For a bit of a year-end summary of Canada’s economy, my one guest is Jim Stanford who joins me for an extended conversation. Jim is the chief economist at Unifor, Canada’s largest private-sector union, and author of the popular economics ...

Bill Longstaff: Rising oil prices will end urban sprawl … or not?

A popular assumption about rising oil prices is that people will have to drive a lot less and use public transit a lot more. This, in turn, will lead to greater housing density and fewer roads, i.e. less sprawl. And thus will be created the compact city—more efficient both financially and environmentally, and more vibrant ...